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CKS
CKS
CKS - Crookes Brothers Limited - Updated trading statement
CROOKES BROTHERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
Share code: CKS ISIN: ZAE000001434
("Crookes" or "the company")
UPDATED TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited relating to Trading
Statements, a listed company is required to publish a trading statement as
soon as it becomes aware that the financial results for the next period to
be reported on will differ by at least 20% or more from those of the
previous corresponding period.
Further to the trading update issued on 27 February 2012 shareholders are
advised that the company now expects that, for the financial year ended 31
March 2012 the headline earnings per share ("HEPS") and earnings per share
("EPS") will be as follows:
HEPS: between 575 cents and 595 cents compared to HEPS of 203.9 cents
reported in the previous corresponding period.
EPS: between 620 cents and 640 cents compared to EPS of 911 cents reported
in the previous corresponding period.
The improvement in HEPS arises from improved prices and a recovery in
yields, particularly in sugar cane operations and with further improvement
in forecast crop prices being received after the date of the last trading
statement. The reduction in EPS is again due to the recognition in the prior
reporting period of the once-off capital profit realised on the sale of the
Komati Estate to the government as part of the land restitution program.
The financial information on which this trading statement is based has not
been reviewed or reported upon by the company`s auditors. The company`s
results for the year ended 31 March 2012 are expected to be published on or
about 29 May 2012.
Renishaw
16 May 2012
Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited
Date: 16/05/2012 08:33:11 Produced by the JSE SENS Department.
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